CSW Industrials Inc. increased its offering of its common stock from 1 million shares to 1.1 million shares at $285 per share, the oilfield services provider announced Sept. 5. (Source: Shutterstock)
CSW Industries increased its offering of its common stock from 1 million shares to 1.1 million shares at $285 per share, the oilfield services provider announced Sept. 5.
Dallas-based CSW expects gross proceeds of approximately $313.5 million and has granted underwriters a 30-day option to purchase up to an additional 165,000 common stock shares.
The company plans to use the net proceeds to repay outstanding debt and use the remainder for general corporate purposes, including potential future acquisitions.
The offering is set to close on Sept. 6, subject to market and other customary closing conditions.
J.P. Morgan, Goldman Sachs & Co. LLC and Truist Securities are acting as lead book-running managers. Wells Fargo Securities and Citigroup are acting as joint book-running managers.
CJS Securities, Comerica Securities, TPH&Co., the energy business of Perella Weinberg Partners and Zions Capital Markets are acting as co-managers of the offering.
Recommended Reading
Continental Prepares Full-Scale Ramp Up in Powder River’s Niobrara
2025-06-15 - With “several billion barrels of resources” left untapped in the Powder River Basin, Continental Resources is nearing full-scale development of the Niobrara Shale in Converse County, Wyoming, executives told Hart Energy in an exclusive interview.
Volatility to Slow Upstream M&A After $17B in Q1 Dealmaking—Enverus
2025-04-23 - Upstream deal markets are heading into territory reminiscent of the conditions seen in the first half of 2020, said Andrew Dittmar, Enverus’ principal M&A analyst.
International, Domestic Buyers Clamor for US Shale Gas M&A
2025-07-02 - Marketing is heating up for gassy assets in the Haynesville, Appalachia and Midcontinent, a sign that natural gas remains one of the bright spots in upstream portfolios, M&A experts tell Hart Energy.
Widening Bid-Ask Spread Slows US Oil M&A
2025-07-01 - After a two-year dealmaking frenzy, the U.S. oil M&A engine is stalling as wild price swings and geopolitical tremors unsettle both buyers and sellers. M&A experts tell Hart Energy it could be months before big-ticket oil deals regain momentum.
TotalEnergies, Equinor Growth Tied to Eagle Ford, Marcellus M&A
2025-05-01 - From Appalachia to South Texas, European energy firms are leveraging shale gas assets to secure future global supply.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.